Versor Investments LP Lowers Position in CNO Financial Group, Inc. $CNO

Versor Investments LP lessened its stake in CNO Financial Group, Inc. (NYSE:CNO) by 73.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,892 shares of the financial services provider’s stock after selling 43,527 shares during the quarter. Versor Investments LP’s holdings in CNO Financial Group were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Assetmark Inc. boosted its position in CNO Financial Group by 12.6% in the 2nd quarter. Assetmark Inc. now owns 3,963 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 444 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in CNO Financial Group by 2.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,000 shares of the financial services provider’s stock worth $810,000 after purchasing an additional 500 shares in the last quarter. State of Wyoming boosted its position in CNO Financial Group by 6.1% in the 1st quarter. State of Wyoming now owns 10,602 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 611 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of CNO Financial Group by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider’s stock worth $228,000 after buying an additional 633 shares during the period. Finally, CWM LLC raised its stake in shares of CNO Financial Group by 27.7% during the 1st quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock worth $125,000 after buying an additional 653 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CNO. Keefe, Bruyette & Woods upped their target price on CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.60.

CNO Financial Group Stock Down 1.2%

NYSE CNO opened at $39.52 on Tuesday. The business has a fifty day moving average price of $39.56 and a 200 day moving average price of $38.38. CNO Financial Group, Inc. has a one year low of $34.63 and a one year high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $3.83 billion, a P/E ratio of 14.58 and a beta of 0.90.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The firm had revenue of $968.30 million during the quarter. Research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. CNO Financial Group’s dividend payout ratio (DPR) is 25.09%.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.